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Search Results 0 to 12 of about 13
CNBC
Dec 24, 2012 12:00pm EST
, to even get a short-term fiscal cliff deal done. we heard president obama on friday handed what we might call a bare bones plan c ahead of january first. extension of the bush tax cuts for those making $250,000 or less and an extension of unemployment benefits. while it could be a quick turn-around from that hawaiian vacation for president obama and congressional leaders, expectations they could be back in washington later this week, all eyes now on the senate where republicans are split on whether it's possible to make a deal with the obama white house. >> the president's statement is right. no one wants taxes to go up on the middle class. i don't want them to go up on anybody. i'm not in the majority of the united states senate. he is the president of the united states. >> when i listen to the president i think the president is eager to go over the cliff for political purposes. i think he sees a political victory at the bottom of the cliff. he gets all this additional tax revenue for new programs. he gets to cut the military which democrats have been calling for for years. and he
CNBC
Dec 31, 2012 3:00pm EST
to talk to us about the fiscal cliff. are they happy or sad? and can they rise above to get a deal done? "closing bell" will be back after this break. tdd#: 1-800-345-2550 when i'm trading, i'm totally focused. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find opportunities more easily. tdd#: 1-800-345-2550 i can even access it from the cloud and trade on any computer. tdd#: 1-800-345-2550 and with schwab mobile, tdd#: 1-800-345-2550 i can focus on trading anyplace, anytime. tdd#: 1-800-345-2550 until i choose to focus on something else. tdd#: 1-800-345-2550 all this with no trade minimums. tdd#: 1-800-345-2550 and only $8.95 a trade. tdd#: 1-800-345-2550 open an account with a $50,000 deposit, tdd#: 1-800-345-2550 and get 6 months commission-free trades. tdd#: 1-800-345-2550 call 1-866-294-5412. >>> we're getting ever closer to midnight. ticktock, ticktock. despite encouraging signs, there's still no final fiscal cliff deal. e mamon javers is on capitol hi working the phones. what are y
CNBC
Dec 28, 2012 3:00pm EST
if a fiscal cliff deal does not get done and fast. >> i'm the founder and ceo of unilife corp rage. if the fiscal cliff issue doesn't get resolved, there's no question the usa economy is going to go into recession. we closed down our manufacturing in china and relocated our manufacturing to the usa. for other companies to consider following our lead, they need to trust that our leaders in washington will actually lead. think outside the box. create incentive for businesses to invest in the u.s. economy. tdd# 1-800-345-2550 you should've seen me today. tdd# 1-800-345-2550 when the spx crossed above its 50-day moving average, tdd# 1-800-345-2550 i saw the trend. tdd# 1-800-345-2550 it looked really strong. tdd# 1-800-345-2550 and i jumped right on it. tdd# 1-800-345-2550 tdd# 1-800-345-2550 since i've switched to charles schwab... tdd# 1-800-345-2550 ...i've been finding opportunities like this tdd# 1-800-345-2550 a lot more easily. tdd# 1-800-345-2550 like today, tdd# 1-800-345-2550 i was using their streetsmart edge trading platform tdd# 1-800-345-2550 and i saw a double bottom for
CNBC
Dec 27, 2012 3:00pm EST
fiscal cliff. >> back to you very much, mary. four more days to the deadline. can a deal get done. congressman harris joining us now from baltimore. i'm going to talk about your plan in a moment, sir, but let me ask you about the word that we got in the last hour about the house reconvening sunday night. can you shed some light on any significance that may have. what have you heard? should we get our hopes up for sunday evening, or not? >> just got a conference call an hour ago with the speakership and leadership and that's only to get ready for anything coming over to the senate. the senate usually takes a couple of days to pass a bill. haven't even started working on one so the earliest they could have something over to the house would be sunday and the leadership will give its members 48 hours notice tomorrow and get us back in town sunday night. >> are you hearing that the senate's working on something that could come your way by then? >> there's a rumor that the president has taken mrmr. boehne mr. boehner's plan "b" and added unemployment insurance. i'm sure the senate will work on the b
CNBC
Dec 26, 2012 3:00pm EST
fiscal cliff will turn out to be not a maxi deal but a mini deal and will clip the economy not by 1% but a 2% and a 60% chance something will get done but that's where we come out on it right now. a little bit harder hit to the economy. >> don't adjust your sets, everybody. this is what bob sounds like today. >> this is a different exchange here. >> not doing your imitation of david? >> what do you think that the seasonal factors are a major reason why the markets are holding up so well? if you look at the havens, gold, treasuries, for example, the dollar, there's no sign of panic in the haven. >> silver is down. you've seen a little bit of a lift in the vix, closer to 20. that's not bad, a normalization type of thing. treasuries have sold off a little bit. that means the patient is leaving the hospital. the patient was on intensive care earlier in the year back in june. the biggest day of the year was june 19th. that's the day of the second greek election when that guy came in who did not take them out of euro to. meet biggest things that happened this year were things that didn't happen. no greece exit, no china hard landing and no u.
CNBC
Dec 26, 2012 4:00pm EST
year despite it being an election year, despite the fiscal cliff and ongoing problems in europe. the market has done better than it has usual done. what's changed? i think there will be continued political turmoil and slow growth but that's, particularly given valuations, may not be a bad year for equities as all. >> i'm going to add to that list having been a good year for the stock market. also had a lot of recovery in the housing market as well. do all these good things, all this progress become undone if we go over the fiscal cliff. >> i think clearly we've seen some healing in housing which is great and as has already been said we've seen some good progress over in europe and in china so that's all great. i'm neutral on equities in my allocation strategy fund, target rich funds and the reason for that is the fiscal cliff. if we go over the fiscal cliff then i think that given how lean companies are, and as slow as we're growing, we could see the economy dip back into recession and earnings estimates will have to go lower. >> the mastercard report on retail sales not good. the worst since '08, and you'
FOX Business
Dec 26, 2012 3:00pm EST
on the fiscal cliff, will we see a selloff in metals? >> i don't believe that we will. europe right now is the safe haven. there's no negative news. by any means, they are not done with all that's going on over there. everything is focused here on the u.s. and the fiscal cliff, and until that is resolved, if it gets resolved, the traders are pulling back, volatility's high, and there's going to be very thin volume in the markets. it's not going to take much to get gold and silver back up. >> well, back to cindy quickly. if we have a deal, is it bullish for oil? she's already gone. i'll ask doreen, you're with us, aren't you? >> i am. volume, today, by the way, 37% below the three month average. could lead to some volatility, but we have not seen that, have we? >> we have not, but vix is up at 19, a little bit higher. the hope is to get more volume here, otherwise, you know, the fiscal cliff is killing everything. everything. these guys don't get it in washington. i don't know why. i hope they come to their senses soon. ashley: nobody knows why, but i'm tired of saying "fiscal cliff," i know that. thank you so much for joining us. >> thank you. >> and cindy who ran of
FOX Business
Dec 24, 2012 12:00pm EST
to gains that we don't have fiscal cliff agreement and even if we go over the cliff but once a deal is done, don't forget the risk appetite back? and that is irish for gold. >> in the last year whenever we had risk oo gold and silver participated, that would be in a healthy fashion as a small market in very little capital flowing into it we saw some influence in terms of price action. i think you do have macro issues driving concerns in the new year. central banks around the world will continue to print the bank of japan being influenced this next year will throw their hat in the ring along with the bank of england and the fed as the print and try to monetize their way to recovery. ashley: you bring up a good point. people buy gold as a hedge against inflation, but also a safe haven against a crisis. we seem to weather the financial crisis very well. we have this fiscal cliff facing us but if you look at inflation and the safe haven, i don't know, those gold fits the mold for those reasons? >> as an inflation hedge it did not keep up in real-time. more reflected today is sophisticated investigator
FOX Business
Dec 31, 2012 3:00pm EST
over the fiscal cliff. the last hour of trading, last session of the year. one hour left to trade. president obama says this afternoon the progress is being made, but there is still plenty of work to be done but the stocks right now. very close to session highs, up 137 points. the nasdaq better by 58. the s&p 500 up one and a half points to low 20 points. not bad at all. the market started ticking off a little after noon when investors get worried that the president was going to speak at 130. in a tape that is pretty soon to begin, very few volumes speculated, it will to push the market higher. here you go. the dow had its intraday high of 30 minutes before the president spoke. right now of 131 points. the market moving mostly to the upside. the blue chips, hewlett-packard up above four 1/4%. $14.26 per share, but down about 45% for the year. economy names like caterpillar in the green, up three in the third. a similar story for ge up to one 1/4. so these are widely held stocks that could be in your portfolio. your pension fund doing very nicely on this last trading day. there is a school of thought that no matter what happens in the debt deal negotiations gold is the ultimate winner. the ide
CNBC
Dec 31, 2012 4:00pm EST
row. ♪ >>> the fiscal cliff deadline is upon us. it doesn't look like lawmakers in washington will get a deal done by midnight tonight. eamon javers is at the capitol now. where do things stand? >> hey, bill. let me give you an update. right now behind closed doors republicans are meeting. we should get a better sense of where their heads are when that breaks up. started about 4:30. then at the top of the hour republicans on the house side are going to have their conference meeting down in the basement here. we'll go downstairs and try to stake sthem out and get a sense of what their reaction is to all of this. meanwhile i wanted to point out to you one interesting notation here. this is the house republican whip floor update. it's been updated. it says members are advised to stay close to the capitol tonight should any additional votes arise. now, presumably that means the potential of a fiscal cliff vote. they want to keep members at least in the physical proximity of the capitol building here on new year's eve tonight just in case they might vote. earlier today we saw a big tone change after the p
FOX Business
Dec 27, 2012 3:00pm EST
half those losses. it is interesting to see. people are really, really tied into the fiscal cliff and worries about washington. if you thought and you questioned it, you shouldn't because the minute that headline broke, look at that market. that's the best we've done. all day long basically since 10:00 a.m.. let's move onto the retailers, all right? i got that out of the way. i really wanted to see because even i began to wonder how tied in are the markets at this time during a holiday week and it showed you. here are the retailers. do-or-die in 2013. according to "the wall street journal" these four names are names to watch. of course we've seen jcpenney, change in management. best buy, will the chairman take over the whole thing? radioshack struggling in electronics. sears, another name right now is to the downside. these are names we will continue to watch and follow closely in 2013. back to you. ashley: very good indeed. thank you very much, nicole. harry reid tanking the markets earlier. but as you say they're talking again maybe in the house on sunday night. so it goes. my next guest has been the head of the nonprofit organization uso since 2008. which is a charitable organization committed to taking care of u.s. troops. sloane gibson, uso's ceo
FOX Business
Dec 28, 2012 3:00pm EST
, everybody talked about the fiscal cliff, and until they really put this deal together fully and for the long term, it's the same thing going out into the next year. ashley: it's interesting. what if nothing is done? what reaction do you expect there, bobby? >> if nothing's done, i think we'll have the reaction like we have now. i don't know if they'll be able to have an announcement before sttcks close at four o'clock, but everybody is sitting with hands tied behind the back for any news. ashley: dan at the cme. dan, i want to talk gold. it's interesting, gold down eight or nine bucks on the day, and you think it's a safe haven play, but is it the profit takers trying to get ahead of higher tax rates to pay? >> it's possible, but i believe people think there's no grand bargain here. if they come to grips with a plan, the plan they talked about is tax rates. obviously, that's good, a nice headline, but that doesn't stop the sequestering io themes in play. if they are in play, that's deflationary, and that's why commodities are challenged lately. unless there's a good deal, gold will go down further. ashley: interesting. copper, silver, platinum, palladium, down across the board, isn't it? >> oh, for su
CNBC
Dec 28, 2012 4:00pm EST
to us, and while the leaders in washington do try to tackle the fiscal cliff, at least the democratic leader in the senate has no problem placing the blame on one particular person when it comes to not getting anything done. senate majority leader harry reid had this to say on the senate floor yesterday. >> months and months of talks between the president and boehner, both times boehner could not deliver because they refuse because of grover norquist to allow any tax revenues whatsoever. they cannot cross over the threshold that has been built by grover norquist. >> grover norquist joins us now exclusively here on cnbc. grover, we just heard you are the target of those comments, but did harry reid get it wrong, because i thought that your organization actually gave its blessing to boehner's plan "b." >> reid has it wrong on a number of levels. the first, of course, is that the pledge that many congressmen and senators have made to oppose tax increases is made to the people of their state, not to me. in fact, harry reid now has the republican senator joining him from nevada who won because he made that commitment. he took the pledge, and the democrat that harry reid supported attacked him for taking the pledge, a
Search Results 0 to 12 of about 13